Time to Buy This Embattled Retailer?
The following video is from Friday's Motley Fool Money roundtable discussion, with host Chris Hill, and analysts Ron Gross, Jason Moser, and Charly Travers.
After 17 months as CEO, Ron Johnson is out as CEO of J.C. Penney . This week, the retailer announced that former CEO Mike Ullman would replace Johnson in the top spot. Under Johnson, J.C. Penney lost customers, sales, and half its market cap. Shares hit a new 52-week low in the wake of Johnson's departure. In this installment of Motley Fool Money, our analysts discuss whether investors should take stock in the embattled retailer.
J.C. Penney's stock cratered under Ron Johnson's leadership, but could new CEO Mike Ullman present the opportunity investors have been waiting for? If you're wondering whether J.C. Penney is a buy today, you're invited to claim a copy of The Motley Fool's must-read report on the company. Learn everything you need to know about JCP's turnaround -- or lack thereof. Simply click here now for instant access.
The relevant video segment can be found between 12:15 and 14:41
The article Time to Buy This Embattled Retailer? originally appeared on Fool.com.Charly Travers has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. Ron Gross has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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